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Ann Arbor Savings Bank

Ann Arbor Savings Bank image
Parent Issue
Day
29
Month
December
Year
1899
Copyright
Public Domain
OCR Text

                        REPORT OF THE CONDITION OF THE

                                ANN ARBOR SAVINGS BANK

At  Ann Arbor, Michigan, at the close of business, Dec. 1, 1898.

 

         RESOURCES.                                                            LIABILITIES.

Loans and Discounts,          $437,953 26 
Stock. Bonds, Mortgages     659,911 59                       Capital stock in   $50,000 00
United States and Mich. State Bonds 24,700 00          Surplus fund,       150,000 00
Overdraft                               1.984 86                          Undivided profits less current expen-
Banking House                     20,500 00                        ses, interest and taxes paid   14,964 16
Furniture and Fixtures            7,417 32 
Other Real Estate                  48,781 43              Dividends unpaid      398 00

                       CASH.
Due from banks in reserve cities ... 151,679 32                 DEPOSITS.
Due from Treasurer School Dist. No.
1 Ann Arbor                                       10,282 30                 Commercial deposits, subject to
Exchanges for clearing house          3,490 93                    check                                       199, 562 21
Checks and cash items                    765 38 81                Savings Deposits                        828, 610 79
Nickels and cents                               324 57                   Savings Certificates of Deposits 101, 204 29
Gold coin.                                        40,267 60   
Silver coin -                                        1,366 00                  Due to Banks and Bankers         22, 653 91
U. S. and National Bank Notes        27,980 00

                                               _______________                                                         _______________
                                                 $1,437,393 36                                                                   $1,437,393 36
 

STATE OF MICHIGAN   } ss.
County of Washtenaw.

I, Charles E. Hiscock, cashier of the above named bank. do solemnly swear that the above statement is true to the best of my knowledge and belief.   
                                                                                                                                                CHAS. E. HISCOCK, Cashier,
Subscribed and sworn to before me, this 6th day of December. I898.
                                                          MICHAEL J. FRITZ  Notary Public.
CORRECT ATTEST: Christian Mack, W, D. Harriman, L.. Gruner, Directors.

Capital, $50,000.      Surplus, $150,000.      Resources, $1,000,000.

Transacts a general banking business; buys and sells exchanges on New York, Detroit and Chicago; sells drafts on all the principal cities of Europa This bank, already having a large business, invites merchants and others to open accounts with them with the assurance of the most liberal dealing consistent with safe banking.

In the Savings Department interest at the rate of three per cent. is paid semi-annually, on the first days of January and July, on all sums that were deposited three months previous to those days, thus affording the people of this city and county a perfectly safe depository for their funds, together with a return  interest for the same.    Money to loan on approval securities.

DIRECTORS..- Christian Mack, Daniel Hiscock, Willard B. Smith, W. D Harriman, William Deubel, David Rinsey, L. Gruner.

OFFICERS.- Christian Mack, Resident; W.D. Harriman, Vice-President Chas. E. Hiscock, Cashier M. J. Fritz Ass't-Cashier.